InsightandCommentaryontheLawofLimitedLiabilityCompanies

Tag: Gheewalla

The Delaware Court of Chancery decided earlier this month that a creditor of an insolvent LLC does not have standing to maintain a derivative suit in the name of the LLC against its managers. CML V, LLC v. Bax, No. 5373-VCL, 2010 Del. Ch. LEXIS 220 (Del. Ch. Nov. 3, 2010). The court’s lengthy … Continue Reading

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Limited liability companies (LLCs) have become the most frequently chosen type of entity for new business formations nationwide, and LLC law is dynamic and still developing. Since 2009 LLC Law Monitor’s mission has been to keep lawyers, accountants, financiers, and business executives up to date on new court decisions and state and federal legislation that significantly impact LLC law.

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Stoel Rives LLP is a U.S. law firm, with a full suite of transactional and litigation solutions for U.S. and international clients. Established in 1907, the firm has nearly 400 attorneys operating out of 11 offices in seven states and the District of Columbia. Representative clients include financial institutions, public and private utilities, energy and renewable energy companies, developers, manufacturers, retailers, hospitals, universities, agribusinesses, software companies, food and beverage companies, charitable foundations, telecommunications and forestry companies, among others. We represent businesses at all stages of growth, from start-ups to Fortune 500 companies.